Qingdao Financial Sector Development Study (1922-1937)

The financial power of China has been controlled by the hands of the imperialist countries since the beginning of the inception in Qingdao,so the development of our countries' financial sector has lagged. In the early twentieth century, the Chinese government resumed sovereignty over Qingdao and it marked the ultimate end of the colonial era of Germany and Japan in Qingdao. Qingdao gradually achieved social stability, industrial and commercial revitalization since the implementation of opening-up a free port system. Particularly the financial sector, although it experienced ups and downs, it has made considerable progress and development. A banking house, pawn and other financial institutions in Qingdao,as a major force in the three banks of modern China's financial sector, were written just pile up, flourish, both the number of growth, and the strength of the expansion. The Chinese-owned banking sector is most prominent. In the long-term development process,it gradually formed a special close relationship, not only unity and cooperation, but also compete with each other. As a result of payment in the rise of Japan, the banking house industry in Qingdao be called something new and it exchanges for the industry, anti-Israel votes to make a living trading gold,which become the greatest difference between Qingdao and other trading port of financial sector development.The development of insurance industry was limited. After the back part of the economic rights, it shows a different development characteristics.Only pawn advances utmost enough in Qingdao, it was controlled all for Japanese companies of the world.Chinese businesses were under its severe restraints and constraints. The financial services sector of Qingdao in constant development and improvement not only completed the evolution of their own maturity, is but also more significant and far-reaching in the promotion of Qingdao, agricultural development, industrial progress and commercial prosperity, and promote the process of urban modernization.